for earnings and revenue and lowering its full year guidance. The tractor manufacturer reported adjusted earnings of $2.71 per share on $8.97 billion in revenue, missing Wall Street's estimates of $2.85 per share and $9.39 billion in revenue, according to Refinitiv.
The stock was already down 13% for the month, and Rob Wertheimer of Melius Research told CNBC the lowered guidance "wasn't too bad."— Shares of Tapestry rebounded on Friday morning, gaining 3.6% after hitting 52-week lows the day before. Bernstein maintained its outperform rating on the stock, lowering its near-term earnings estimates for the company by 13% but saying "valuation with a long-term view remains compelling, if the brands are not broken.
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Stocks making the biggest moves midday: General Electric, Walmart, Alibaba and TapestryThese are the stocks posting the largest moves in midday trading. BlackDay15thAugust
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Stocks making the biggest moves premarket: Walmart, GE, Tapestry, Alibaba, Boeing & moreStocks making the biggest moves premarket: Walmart, GE, Tapestry, Alibaba & more Connected to C street ?
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